Camarillo, California (ots/PRNewswire) - TSX ticker symbol; BKX BNK Petroleum Inc. (the "Company") announced today that it has been awarded the Weinbergen Oil and Gas Concession totalling approximately 535,000 acres in Thuringia, Germany. This concession brings the Company's total acreage in Europe to approximately 4.4 million net acres, in 5 separate basins. Located in the Thuringian basin of Germany, the Weinbergen ...
Calgary, Alberta, November 10 (ots/PRNewswire) - All amounts are in U.S. Dollars unless otherwise indicated: First Nine Third Quarter Months 2011 2010 % 2011 2010 % Earnings (Loss): $ Thousands ($274) ($1,464) 81% $18 ($3,895) P $ per common share $0.00 ($0.01) $0.00 ($0.04) P assuming dilution Funds from operations: $ Thousands $3,330 ($808) $6,281 ($17,129) $ per common share $0.02 ($0.01) $0.04 ($0.16) Capital ...
Calgary, Alberta, November 10 (ots/PRNewswire) - Contact: ...
Camarillo, California, November 7 (ots/PRNewswire) - BNK Petroleum Inc. (the "Company") announced today that its wholly owned subsidiary Trofagas Hidrocarburos, S.L., has been awarded the Sedano oil and gas concession totalling approximately 86,000 acres located in the autonomous community of Castile and Leon, Spain. This concession brings the Company's total acreage in Europe to about 3.9 million net acres, in 5 separate ...
Camarillo, California, November 7 (ots/PRNewswire) - Contact: ...
Camarillo, California (ots/PRNewswire) - BNK Petroleum Inc. (the "Company") , on behalf of Saponis Investments Sp. z o.o, announced today that fracture stimulations were performed on both the Cambrian and Ordovician intervals in the Lebork S-1 well which did not enable an effective test of the two shales. This is due to only a small percentage of the programmed quantities and concentrations of proppant being placed in ...
Camarillo, California (ots/PRNewswire) - BNK Petroleum Inc. (the "Company") announced today that its wholly owned subsidiary Trofagas Hidrocarburos, S.L., has been awarded an oil and gas concession totalling approximately 234,000 acres located mainly in the autonomous community of Castile and Leon, Spain. This concession brings the Company's total acreage in Europe to about 3.8 million net acres in 5 separate basins. ...
Camarillo, California (ots/PRNewswire) - BNK Petroleum Inc. (the "Company") , on behalf of Saponis Investments Sp z o.o, announced today that it has received additional data from the Lebork S-1 and Wytowno S-1 wells drilled on the adjacent Slawno and Slupsk concessions. The new data from the third party contractors consists of the total organic carbons ("TOCs") for the three target intervals in the Lebork S-1 well and ...
Camarillo, California (ots/PRNewswire) - All amounts are in U.S. Dollars unless otherwise indicated: Second Quarter First Half 2011 2010 % 2011 2010 % Earnings (Loss): $ Thousands $407 ($2,720) P $292 ($2,431) P $ per common share assuming dilution - ($0.03) P $0.00 ($0.02) P Capital Expenditures $7,434 $14,594 (49)% $11,744 $15,917 (26)% Average Production (Boepd) 1,308 1,162 13% 1,318 1,124 17% Average Product Price per ...
Camarillo, California (ots/PRNewswire) - BNK Petroleum Inc. (the "Company") , provides the following operational update: Poland The Company received a portion of the core analysis back from the 3rd party contractors from both the Wytowno S-1 and Lebork S-1 wells, on the adjacent Slawno and Slupsk concessions. The following data, from the Lebork S-1 well is only from the sidewalls taken in the lower portion of the ...
Camarillo, California (ots/PRNewswire) - 2011 (a) 2010 (a) % Earnings (Loss): $ Thousands ($115) $289 L $ per common share assuming - - L dilution Capital Expenditures $4,310 $1,323 226 Average production per day 1,327 1,085 22 (Boepd) Average Product Price per $45.63 $47.49 (4) Barrel Average Netback per Barrel $26.16 $25.25 4 3/31/2011 (a) 12/31/2010 (a) 3/31/2010 (a) Cash and Cash Equivalents $58,530 $62,062 $3,841 ...
Calgary, Alberta (ots/PRNewswire) - BNK Petroleum Inc. (the "Corporation") , announces that as part of its commitment to sound corporate governance practices and transparency and following discussions with ISS, the Corporation has undertaken to amend its Stock Option Plan, by adding a new provision that will become effective on a going forward basis, to the following ...
Camarillo, California (ots/PRNewswire) - BNK Petroleum Inc. (the "Company") , announced today that the Lebork S-1 well, on the Slupsk concession in Poland, in which the Company has an indirect 26.69% interest, has been drilled, cased and cemented to its total depth of 3,590 meters. The well was originally drilled to 3,517 meters and 223 meters of whole core were recovered. At that time a full suite of logs were run. After ...
Camarillo, California (ots/PRNewswire) - BNK Petroleum Inc. (the "Company") announced today that its wholly owned subsidiary Trofagas Hidrocarburos, S.L., has been awarded an oil and gas concession in the Autonomous Community of Cantabria, Spain totalling approximately 61,470 acres. This concession brings the Company's total acreage in Europe to about 3.6 million net acres in 5 separate basins. This new concession located ...
Camarillo, California (ots/PRNewswire) - All amounts are in U.S. Dollars unless otherwise indicated: Fourth Quarter Year 2010 2009 % 2010 2009 % Earnings (Loss): $ Thousands $900 ($2,673) P $299 ($12,588) P $ per common share assuming dilution $0.01 ($0.03) P $0.00 ($0.17) P Capital Expenditures $5,288 $3,822 38% $32,870 $15,161 117% Average Production (Boepd) 1,516 940 61% 1,216 939 29% Average Product $43.60 $39.32 11% ...
Camarillo, California (ots/PRNewswire) - BNK Petroleum Inc. (the "Company") announces a 31% increase in the estimated net present value of future net revenue (before tax, discounted at 10%) of its Tishomingo shale gas field proved and probable reserves, to US$315 million from US$241 million at 2009 year-end. Proved and probable reserves increased to 39.7 million boe ...
Camarillo, California (ots/PRNewswire) - BNK Petroleum Inc. (the "Company") announced today that the Wytowno #1 well, on the Slawno concession in Poland, has been drilled to 3,580 meters and is being prepared to have casing run and cemented to total depth. During drilling, numerous gas shows were recorded over 220 meters of the Lower Silurian, Ordovician and Cambrian shales and a further 450 meters of gas shows were ...
Camarillo California (ots/PRNewswire) - BNK Petroleum Inc. (the "Company") at the request of IIROC on behalf of the Toronto Stock Exchange, announces that it is not aware of any undisclosed material information that may be affecting the trading price and volume of the Company's common shares. The Company is currently drilling its Wytowno #1 well, on its Slawno concession in Poland, on acreage adjacent to where two ...
Camarillo, California (ots/PRNewswire) - BNK Petroleum Inc. (the "Company") is pleased to announce that Mr. Martin Robert is joining the Company as Vice President of Engineering and Operations. Mr. Robert has extensive managerial and operational experience in Canada, France, The Netherlands, Russia and ...
Camarillo, California, November 11 (ots/PRNewswire) - BNK Petroleum Inc. (the "Company") announced today that BNK Petroleum (US) Inc.'s Credit Facility has been amended to increase the amount of credit available under the borrowing base to US$23.8 million from US$20 million. The Bank of Oklahoma N.A. is providing this additional credit line of US$3.8 million. As ...
Camarillo, California, November 8 (ots/PRNewswire) - BNK Petroleum Inc. (the "Company") is pleased to announce that the second and final tranche of the previously announced CAD$66 million private placement has closed. 15,400,000 shares were issued to Quantum Partners L.P. ("Quantum") for total gross proceeds of CAD$39,116,000. The shares are subject to a four month ...
Calgary, Alberta, November 5 (ots/PRNewswire) - In the news release, "BNK Petroleum inc. Reports Third Quarter 2010 Results" issued on 4 Nov 2010 06:15 GMT, by BNK Petroleum Inc TSX:BKX over PR Newswire, we are advised by a representative of the company that errors occurred in the 'Average Netback per Barrel' row of the Overview table as well as in the Statistics table where the '3RD Quarter' and 'Nine Months' ...
Calgary, Alberta, November 4 (ots/PRNewswire) - OVERVIEW Three Months Ended Sept 30 Nine Months Ended Sept 30 (US$000) 2010 2009 % Change 2010 2009 % Change Earnings (Loss): $ Thousands ($30) ($3,224) 99 ($611) ($9,915) 94 $ per common share $0.00 ($0.04) 100 ($0.01) ($0.14) 93 assuming dilution ...
Camarillo, California (ots/PRNewswire) - BNK Petroleum Inc. (the "Company") is pleased to announce that the first tranche of the previously announced CAD$66 million private placement has closed. 10,600,000 shares were issued for total gross proceeds of CAD$26,924,000. The shares are subject to a four month hold ...
Camarillo California (ots/PRNewswire) - BNK Petroleum Inc. (the "Company") is pleased to announce that the TSX has accepted notice of the previously announced CDN $66 million private placement of shares with Quantum Partners LP and has conditionally approved the listing of the 26 million shares to be issued in ...
Camarillo, California (ots/PRNewswire) - BNK Petroleum Inc. (the "Company") is pleased to announce a non-brokered Cdn.$66 million private placement, representing 26,000,000 common shares at a price of Cdn.$2.54 per share, to Quantum Partners LP, a private investment fund managed by Soros Fund Management LLC.. ("Quantum"). The financing is subject to, among other things, approval of the Toronto Stock Exchange. ...
Camarillo, California (ots/PRNewswire) - BNK Petroleum Inc. (the "Company") provides the following corporate and operations update: Europe In Poland, through Saponis Investments Sp. Z o.o. ("Saponis"), the Company has completed the major tenders for the services to drill the Wytowno S-1 and Lebork S-1 ...
Calgary, May 19, 2010 (ots/PRNewswire) - BNK Petroleum Inc. (the "Company") announces that it has been awarded a further concession totalling approximately 840,000 acres in Western Europe. The new concession is located in Saxony-Anhalt, Germany and brings the Company's total acreage in Europe to 3.9 million gross (3.5 million net) acres in a total of 4 basins, and in Germany to 2.4 million acres (gross and net) in ...
Calgary, Canada, March 5, 2010 (ots/PRNewswire) - BNK Petroleum Inc. ("BNK" or the "Company") is pleased to announce that effective March 8, 2010 Warren Nelson will join the Company in our Camarillo office as Vice President. As of April 1, Mr. Nelson will become BNK's permanent CFO. Mr. Nelson is a CPA, has his MBA in Finance from the University of California, Berkeley, California and brings over 30 years of corporate ...
Calgary, Canada, February 27, 2010 (ots/PRNewswire) - BNK Petroleum Inc. (the "Company" or "BNK")/ is pleased to announce a 182% increase of its Tishomingo shale gas field reported proved and probable reserves ("2P") to 37.9 million boe from 13.5 million boe at year end 2008. Proved and Probable reserves as of December 31, 2009 were U.S.$241.2 million, up from 2008 year end of U.S.$187.8 million, calculated at a 10% ...